DDR economy Flashcards
what did the DDR join in sept 1950
comecon
what was Comecon
council for mutual economic assistance - soviet and eastern bloc
success of DDR in Comecon
foreign trade trebled DDR second largest power in Comecon
BUT disprove advantages in Comecon
-advantages limited - DDR geared to demands USSR - 7 yr plan 1958 USSR doesn’t pay real world prices for oil from DDR
when was the five year plan introduced
1951
on one level success of 5 year plan
industrial production doubled since 1950 - success in iron sulphuric acid and cement
BUT 5 year plan limitations
-heavy industry expanded at expense consumer goods + worker’s rights = ppl migrate to west
when was second five year plan introduced
1956
what was slogan of second 5 year plan
modernisation mechanisation automation
evidence for success second 5 year plan
economy grew 12% per annum - living standards up + rationing cards gone 1958
evidence success second 5 year plan in currency
dm to postmark exchange rate 1:1 (to be disproved)
BUT DISPROVE SUCCESS IN EXCHANGE RATE
really 4:1
when was 7 year plan introduced
1959
what did 7 year plan aim to do
coordinate DDR more closely w/ USSR - increase industrial production by 188%
BUT failure of 7 year plan - how many migrated per day 1960?
industrial growth rate decline from 1960 - migrants 100 per day 1960